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Modernizing the ABS Market with Blockchain

Modernizing the ABS Market with Blockchain

Posted on Mon, Dec 10, 2018 @ 12:00

Though the asset-backed securities market is one of the largest fixed income markets globally, it remains plagued with disparate systems and paper-intensive processes, driving transactions that are measured in weeks rather than seconds, acknowledges Charlie Moore, CEO, Global Debt Registry. But that means there is a major opportunity to leverage technologies such as distributed ledger to improve the efficiency of the market. Speaking with TABB Group head of fixed income research George Bollenbacher, Moore explains how a private, permissioned blockchain can reduce costs and improve reliability in the ABS market.